Lexington Apartment Loans
Find the apartment financing information you need and apply for apartment loans of your choosing in Lexington, Kentucky
Lexington: In the Spotlight
Lexington, Kentucky is located 77 miles from the largest city of Louisville and is part of the Lexington–Fayette metropolitan area (MSA). The population of Lexington is just over 320,000, making it the 2nd most populous city in the State. It also covers 285 square miles of land. Sometimes known as the “Athens of the West” the area is home to the nation’s most coveted thoroughbred horses, and celebrates the country’s independence day for several days beginning on the 4th of July.
- The unemployment rate is around 4.8%.
- The median household income is $57,291.
- The median age in Lexington is 34 years old
- Lexington employs over 166,000 of its residents
- Lexington has a relatively low vacancy of roughly 4.6% across all rental properties
- There has been a marginal rent decrease, to $885 per month
- The homeownership rate is roughly 54%, which leaves around 46% of residents looking for rental properties.
- Conventional apartment loans
- Fannie Mae apartment financing
- Freddie Mac apartment financing
- FHA/HUD financing
- Mezzanine financing
- CMBS loans
- Bridge loans
- Apartment construction loans
- And more!
Lexington Apartment Loan and Multifamily Property Facts
Lexington is part of the Kentucky market, which has seen some growth after recovering from 2020. Although unemployment is still high and people are still uncertain, the multifamily market is starting to pick up steam. Vacancy rates and new deals are helping spur the market.
Although 2020 was a difficult time in Lexington, just as it was everywhere, the city is on the rebound and the market is looking good. With new developments and promising sales on the record, now is a good time to consider an apartment loan in the city.
Lexington Apartment Loan and Lending Options
In Lexington, Kentucky there are several different ways that you can finance your new apartment investment. We work with opportunities like:
Finance Your Lexington Apartment Building Now
At Apartment.loans, we can help with all kinds of loans for apartments and commercial real estate in the city of Lexington, KY. We work with value-add opportunities, ground-up developments, stabilized properties, and more. We know what it takes to get financed and find the best rates and we can help you get what you need.
The market in Lexington is growing by the day and we can help you find the financing that you need before the competition gets too fierce. Whether you are financing your first deal or just looking for your next one, we’ve got you covered.
When you’re ready to talk more or get started on your investment, contact our Lexington Apartment Lending Specialists today at hello@apartment.loans or by calling (800) 567-9631.